Today’s big question for investors is, “what’s going on with Naked Brand Group Limited (NASDAQ:NAKD) stock? Its price is nose-diving -0.02 points, trading at $0.25 levels, and is down -7.06% from its previous close of $0.27. The shares seem to have an active trading volume day with a reported 135247 contracts so far this session. NAKD shares had a relatively better volume day versus average trading capacity of 415.94 thousand shares, but with a 10.15 million float and a 0.6% run over a week, it’s definitely worth keeping an eye on. NAKD share price has been trading recently between $0.26 and $0.279.
The shorts are running away from Naked Brand Group Limited (NAKD) stock. The latest set of short interest data was released on 30 April 2019, and the numbers show a drop in short interest in NAKD shares. While short interest still represents only 7.02% of NAKD’s float, the number of shares shorted have fallen by -7626. The number of shares shorted fell to 704600 shares, down from 712226 shares during the preceding fortnight. With average daily trading volumes at 244770 shares, days to cover increased to about 2.005231 days. The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “Naked Brand Group Limited Signs Definitive Agreement for $1.5 Million Strategic Investment from TokenPay Swiss AG” and dated May 14, 2019.
During the recent trading session for Naked Brand Group Limited (NASDAQ:NAKD), the company witnessed their stock rise $unch over a week and tumble down $-0.05 from the price 20 days ago. When compared to their established 52-week high of $11.65, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 06/12/18. The recent low of $0.24 stood for a -97.8% since 05/13/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 0 is also allocated to the stock. Since the beta is less than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for Naked Brand Group Limited, the two-week RSI stands at 38.01. This figure suggests that NAKD stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current NAKD readings is similarly very revealing as it has a stochastic reading of 36.32% at this stage. This figure means that NAKD share price today is being neutral.
Technical chart claims that Naked Brand Group Limited (NAKD) would settle between $0.28/share to $0.29/share level. However, if the stock price goes below the $0.26 mark, then the market for Naked Brand Group Limited becomes much weaker. If that happens, the stock price might even plunge as low as $0.25 for its downside target.